Josh Hawley blasts Allstate CEO for making $26M last year — while company can’t ‘afford’ to pay out claims
Josh Hawley blasts Allstate CEO for making $26M last year — while company can’t ‘afford’ to pay out claims
Most homeowners believe their insurance policies will protect them when disaster strikes. But that illusion shattered for Natalia Migal.
Testifying before the U.S. Senate, she recalled how Hurricane Helene ravaged her Georgia home, only for her insurer Allstate to offer a mere $46,000 for repairs, despite independent assessments putting the damage closer to $500,000.
Digging into Allstate’s recent financial statements, Senator Josh Hawley questioned the company’s decision to reward the C-suite after boosting revenue and profits while policyholders like Migal struggled to get compensated for their losses.
“CEO Tom Wilson was paid $26 million,” he said during the hearing.
“Ms.Miguel can’t get her claim paid out but Tom, whoever he is, gets $26 million. Why is his salary a priority but Ms.Miguel isn’t?”
Unfortunately, Migal’s case isn’t an outlier. As evidence from policymakers and industry insiders piles up, lawmakers are ramping up their scrutiny of the $1 trillion property insurance industry.
It wasn’t just policyholders who testified before Congress on May 13 but also claims adjusters, industry professionals who assess damages and estimate losses. Two of these adjusters testified that they faced pressure to lower their initial estimates, which alarmed the committee.
“We’ve just heard testimony here, sworn testimony from multiple adjusters, that your company ordered them to delete or alter damage estimates to reduce payouts and to make you profits,” Hawley told Michael Fiato, Allstate executive vice-president and chief claims officer, during the hearing.
“It sounds to me like you’re running a system of institutionalized fraud.”
Fiato pushed back on this accusation by highlighting the fact that insurance companies like Allstate were handling more claims because of changing weather patterns and higher frequency of natural disasters in recent years.
However, Hawley pointed out that this added risk wasn’t being reflected in the company’s financials.
“I have to notice that your profits have never been better, they’re really quite extraordinary,” he said. “Fiscal year ’24, Allstate had $64 billion in revenue; that’s 12% above the previous year.”
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This growth spurt isn’t limited to Allstate. Property and casualty insurers pulled in a record $169 billion in profit in 2024, according to AM Best — a staggering 90% jump from the year before and more than quadruple their 2022 earnings.
This windfall came even as insurers hiked premiums and lobbied for laws to limit payouts, all while insisting the industry was under financial strain, according to a report by the American Association for Justice.
With this pattern in mind, homeowners and policyholders should prepare for dealing with claim denials in the event of a natural disaster.
Read more: You’re probably already overpaying for this 1 ‘must-have’ expense — and thanks to Trump’s tariffs, your monthly bill could soar even higher. Here’s how 2 minutes can protect your wallet right now
Picking up the pieces after a natural disaster is hard enough, but facing a denied insurance claim can turn a difficult situation into a financial nightmare.
To improve your chances, take the time to review your policy thoroughly and reach out to your insurer to get all the details. If you face damages, make sure you document it all and collect photographs that can be submitted to the insurance company.
If your claim is denied, National Debt Relief recommends asking for a written explanation for the denial. You can also hire a public adjuster for a second opinion and fair assessment of your property’s damages and hire a legal professional to help you appeal the denial in court if necessary.
Until insurers are held to higher standards with tighter regulations, homeowners and ordinary families must prepare for unpleasant holes in their safety net.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
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Emerging markets are the next ‘bull market’ says market watchers
Emerging markets are the next ‘bull market’ says market watchers
Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024.
Bloomberg | Bloomberg | Getty Images
Emerging markets stocks are in the spotlight again as the “sell U.S.” narrative gained fresh momentum, following Moody’s recent downgrade of the U.S. credit rating.
The Bank of America heralded emerging markets as “the next bull market” recently.
“Weaker U.S. dollar, U.S. bond yield top, China economic recovery…nothing will work better than emerging market stocks,” Bank of America’s team, led by investment strategist Michael Hartnett, said in a note.
Similarly, JPMorgan upgraded emerging market equities from neutral to overweight on Monday, citing thawing U.S.-China trade tensions and attractive valuations.
A dented confidence in U.S. assets, which kicked into high gear last month marked by a selloff in U.S. Treasurys, equities and greenback, has fueled the bullishness for emerging markets.
The MSCI Emerging Markets Index, which tracks large and mid-cap representation across 24 EM countries, is up 8.55% year-to-date. This compares against a 1% climb by the U.S. benchmark S&P 500 across the same *******.
A dented confidence in U.S. assets, which kicked into high gear last month marked by a selloff in U.S. Treasurys, equities and greenback, has fueled the bullishness for emerging markets.
LSEG Datastream
The difference was more stark in the weeks after April 2, when U.S. President Donald Trump unveiled “reciprocal” tariffs on friends and foes alike.
While most benchmarks fell across the board in the immediate days after April 2, the week that followed showed a divergence between emerging market equities and U.S. stocks. Between April 9 to 21, the S&P 500 declined over 5%, while the MSCI Emerging Markets Index rose 7%.
Even though U.S. equities and Treasurys rebounded slightly since, the recent Moody’s downgrade has reignited traders’ concerns. On Monday, the U.S. 30-year Treasury yield briefly grazed above 5% to hit levels not seen since November 2023, while U.S. equities also snapped a six-day winning streak on Tuesday.
Start of a new rotation?
The events that unfolded recently have reinforced the need for more diverse geographical exposure, said Malcolm Dorson, head of the active investment team at Global X ETFs.
“After underperforming the S&P over the past decade, EM equities are uniquely positioned to outperform over the next cycle,” he added.
“This possible perfect storm stems from a potentially weaker U.S. dollar, extremely low investor positioning, and outsized growth at discounted valuations,” he told CNBC.
According to data provided by Dorson, in terms of positioning, many U.S. investors have just 3% to 5% in emerging markets, compared to the 10.5% in the MSCI Global Index, which captures the performance of large and mid-cap companies across 23 developed markets.
Emerging markets are also trading at 12 times forward earnings “and at a ******* than typical discount” compared to developed markets, statistics from JPMorgan showed.
Among emerging markets, Dorson believes India offers the best long-term growth play and spotlighted Argentina’s cheap valuation. Sovereign upgrades in countries like Greece and Brazil also helped to make them more attractive, he added.
“We could be at the start of a new rotation,” said Mohit Mirpuri, equity fund manager at SGMC Capital.
“After years of U.S. outperformance, global investors are beginning to look elsewhere for diversification and long-term returns, and emerging markets are firmly back in the conversation,” Mirpuri said.
A weakening U.S. dollar — pressured by fiscal concerns and rising debt — has historically supported EM flows and FX stability, said a portfolio manager at VanEck, Ola El-Shawarby.
But what could set the current optimism apart from previous emerging market rallies that fizzled out?
“We’ve seen EM rallies before that ultimately lost steam, often because they were driven by short-term macro catalysts,” said El-Shawarby.
This current cycle could be different because of the combination of deeply discounted valuations, historically low investor positioning, and more durable structural progress across key markets, she said, citing India’s long-term growth story anchored in domestic demand.
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Europa League final: Spurs 1 Man Utd 0 – Tottenham’s 17-year wait for a trophy ends in Bilbao – The New York Times
Europa League final: Spurs 1 Man Utd 0 – Tottenham’s 17-year wait for a trophy ends in Bilbao – The New York Times
Europa League final: Spurs 1 Man Utd 0 – Tottenham’s 17-year wait for a trophy ends in Bilbao The New York TimesSpurs prevail with Mourinho blueprint and ultra pragmatism in baffling final | Jonathan Wilson The GuardianEuropa League final player ratings – who was ‘heroic’ and who was ‘gobbled up’? BBCTottenham Hotspur 1-0 Manchester United: GLORY GLORY TOTTENHAM HOTSPUR Cartilage Free CaptainCome-from-behind FC The New York Times
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I tried Google’s new AI try-on feature, and it’s given me some new fashion ideas
I tried Google’s new AI try-on feature, and it’s given me some new fashion ideas
Google has rolled out a new AI-powered shopping feature to help you figure out what the clothes you are interested in buying might look like when you wear them. It’s dubbed “try it on” and it’s available right now in the US through Google Search Labs.
To get started, you just need to switch it on in the lab. Then, you upload a full-length photo of yourself and start looking for clothes in the Google Shopping tab.
When you click on an image of some outfit from the search results, you’ll see a little “try it on” button in the middle of the enlarged version of the outfit in the right-hand panel. One click and about ten seconds later, you’ll see yourself wearing the outfit. It may not always be a perfect illusion, but you’ll at least get a sense of what it would look like on you.
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Google claims the whole thing runs on a model trained to see the relationship between your body and clothing. The AI can, therefore, realistically drape, stretch, and bunch material across a variety of body types.
The feature doesn’t work with every piece of clothing you might see, or even every type of outfit. The clothing retailer has to opt into the program, and Google said it only works for shirts, pants, dresses, and skirts.
I did notice that costumes and swimwear both had no usable images, but I could put shorts on myself, and costumes that looked enough like regular clothes were usable. The AI also didn’t seem to have an issue with jackets and coats as categories.
Elvis looks
(Image credit: Photo/Google AI)
For instance, on Google Shopping, I found replicas of the outfits Elvis wore for his 1966 comeback and one of his jumpsuits from the 1970s. With a couple of clicks, I could imagine myself dressed as the King in different eras.
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It even changed my shoes in the all-****** suit. I’d always wondered if I could pull off either look. The images are shareable, and you can save or send them to others from the Google mobile app and see how much of an Elvis your friends think you are.
Super summer
(Image credit: Photo/Google AI)
The details that the AI changes to make the photos work are impressive. I used the AI to try on a fun summer look and the closest to a superhero costume I could try. The original photo is me in a suit and jacket with a bowtie and ****** dress shoes. But the shoes and socks on both AI-generated images not only match what was in the search result, but they’re shaped to my stance and size.
Plus, despite wearing long sleeves and pants, the AI found a way to show some of my arms and legs. The color matches reality, but its imperfections are noticeable to me. My legs look too skinny in both, like the AI thinks I skipped leg day, and my legs in the shorts have not been that hairless since I turned 13.
Imperfections aside, it does feel like this will be a major part of the next era of e-commerce. The awkward guessing of whether a color or cut works for your skin tone and build might be easier to resolve.
I wouldn’t say it can make up for trying them on in real life, especially when it comes to sizing and comfort, but as a digital version of holding an outfit up against you while you look in a mirror, it’s pretty good.
Ending unnecessary returns
(Image credit: Photo/Google AI)
Uncanny as some of the resulting images are, I think this will be a popular feature for Google Shopping. I’d expect it to be heavily imitated by rivals in AI development and online retail, where it isn’t already.
I particularly like how the AI lets you see how you’d look in more outlandish or bold looks you might hesitate to try on at a store. For example, the paisley jacket and striped pants on the left or the swallowtail jacket and waistcoat with Victorian trousers on the right. I’d hesitate to order either look and would almost certainly plan on returning one or both of them even before they arrive.
Returns are a plague on online retailers and waste tons of packaging and other resources. But if Google shows us how we’d look in clothes before we buy them, it could chip away at return rates; retailers will race to sign up for the program.
It could also open the door to more personalized style advice from AI. You could soon have an AI personal dresser, ready to give you a virtual fit check and suggest your next look, even if it isn’t something Elvis would have worn.
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Deliver At All Costs (PS5) Review – CGMagazine
Deliver At All Costs (PS5) Review – CGMagazine
Deliver At All Costs is a thrilling action game where destruction, absurdity and intrigue collide from Far Out Games and Konami.
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How a joke about rice cost a Japan cabinet minister his job
How a joke about rice cost a Japan cabinet minister his job
Mariko Oi
Business reporter
Getty Images
Rice, a Japanese staple, has caused political upsets before
When Japan’s farm minister declared that he never had to buy rice because his supporters give him “plenty” of it as gifts, he hoped to draw laughs.
Instead Taku Eto drew outrage – and enough of it to force him to resign.
Japan is facing its first cost-of-living crisis in decades, which is hitting a beloved staple: rice. The price has more than doubled in the last year, and imported varieties are few and far between.
Eto apologised, saying he had gone “too far” with his comments on Sunday at a local fundraiser. He resigned after opposition parties threatened a no-confidence motion against him.
His ousting deals a fresh blow to Prime Minister Shigeru Ishiba’s ********* government, which was already struggling with falling public support.
Rice can be a powerful trigger in Japan, where shortages have caused political upsets before. Riots over the soaring cost of rice even toppled a government in 1918.
So it’s not that surprising that rice prices have a role in Ishiba’s plummeting approval ratings.
“Politicians don’t go to supermarkets to do their grocery shopping so they don’t understand,” 31-year-old Memori Higuchi tells the BBC from her home in Yokohama.
Ms Higuchi is a first-time mother of a seven-month-old. Good food for her postnatal recovery has been crucial, and her daughter will soon start eating solid food.
“I want her to eat well so if prices keep going up, we may have to reduce the amount of rice my husband and I eat.”
A costly error?
It’s a simple issue of supply and demand, agricultural economist Kunio Nishikawa of Ibaraki University says.
But he believes it was caused by a government miscalculation.
Until 1995, the government controlled the amount of rice farmers produced by working closely with agricultural cooperatives. The law was abolished that year but the agriculture ministry continues to publish demand estimates so farmers can avoid producing a glut of rice.
But, Prof Nishikawa says, they got it wrong in 2023 and 2024. They estimated the demand to be 6.8m tonnes, while the actual demand, he adds, was 7.05m tonnes.
Demand for rice went up because of more tourists visiting Japan and a rise in people eating out after the pandemic.
Getty Images
Many stores are asking customers to buy only one bag per person or family to avoid empty shelves
But actual production was even lower than the estimate: 6.61m tonnes, Prof Nishikawa says.
“It is true that the demand for rice jumped, due to several factors – including the fact that rice was relatively affordable compared to other food items and a rise in the number of overseas visitors,” a spokesperson for the agriculture ministry told the BBC.
“The quality of rice wasn’t great due to unusually high temperatures which also resulted in lower rice production.”
Growing rice is no longer profitable
Rice farmers have been unable to make enough money for many years, says 59-year-old Kosuke Kasahara, whose family have been in farming for generations.
He explains that it costs approximately 18,500 yen ($125.70; £94.60) to produce 60kg of rice but the cooperative in his area of Niigata on the west coast of Japan offered to buy it last year at 19,000 yen.
“Until three or four years ago, the government would even offer financial incentives to municipalities that agreed to reduce rice production,” he adds.
The ministry spokesperson confirms that the government has offered subsidies to those choosing to produce wheat or soybeans instead of rice.
Meanwhile, younger farmers have been choosing to produce different types of rice that are used for sake, rice crackers or fed to livestock because demand for rice in Japan had been falling until last year.
“I got tired of fighting retailers or restaurants that wanted me to sell rice cheaply for many years,” says Shinya Tabuchi.
But that’s been flipped on its head, with the going rate for 60kg of rice today at 40,000 to 50,000 yen.
While higher prices are bad news for shoppers, it means many struggling farmers will finally be able to make money.
But as the public grew angry with the surge, the government auctioned some of its emergency reserves of rice in March to try to bring prices down.
Getty Images
The government has recently doubled the supply of stockpiled rice to make up for the shortfall
Many countries have strategic reserves – stockpiles of vital goods – of crude oil or natural gas to prepare for exceptional circumstances. In Asia, many governments also have stockpiles of rice.
In recent years, Japan’s rice stockpile had only been tapped in the wake of natural disasters.
“The government has always told us that they would not release its emergency rice stocks to control the price so we felt betrayed,” Mr Tabuchi says.
Despite the government’s rare decision to release rice, prices have continued to rise.
Tackling soaring prices
The cost of rice is also soaring in South East Asia, which accounts for almost 30% of global rice production – economic, political and climate pressures have resulted in shortages in recent years.
In Japan though the issue has become so serious that the country has begun importing rice from South Korea for the first time in a quarter of a century, even though consumers prefer homegrown varieties.
PM Ishiba has also hinted at expanding imports of US rice as his government continues to negotiate a trade deal with Washington.
But shoppers like Ms Higuchi say they are unlikely to buy non-Japanese rice.
“We’ve been saying local production for local consumption for a long time,” she says. “There has to be a way for Japanese farmers to be profitable and consumers to feel safe by being able to afford home-grown produce.”
Memori Higuchi
First time mother Memori Higuchi says she hesitates to buy non-Japanese rice
This divides opinion among farmers.
“You may hear that the industry is ageing and shrinking but that is not necessarily true,” says Mr Tabuchi, who believes the sector has been too protected by the government.
“Many elderly farmers can afford to sell rice cheaply because they have pensions and assets but the younger generation has to be able to make money. Instead of guaranteeing the income of all the farmers and distorting the market, the government should let unprofitable farmers fail.”
Mr Kasahara disagrees: “Farming in rural areas like ours is about being part of a community. If we let those farmers fail, our areas will be in ruins.”
He argues the government should set a guaranteed buying price of 32,000 to 36,000 yen per 60kg of rice which is lower than today’s price but still allows farmers to be profitable.
And given what happened to Eto, it is also a sensitive topic for politicians.
The country is due to hold a key national election this summer so pleasing both consumers and farmers – especially the elderly in both camps who tend to vote more – is crucial.
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Hardcore sim racer Rennsport gets September release window for consoles
Hardcore sim racer Rennsport gets September release window for consoles
C-H-E-F75d ago (Edited 75d ago )
Should only allow consoles to race one another PC gamers are always cheating and on racing games make it so unpleasant. Atleast make it an option to include PC or not.
Edit: and before anyone says anything I’ve been on PC for over 15 years and PlayStation since 1994.
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Erin Patterson trial: Judge delivers warning to jurors in mushroom ******* trial about websites
Erin Patterson trial: Judge delivers warning to jurors in mushroom ******* trial about websites
Jurors in Erin Patterson’s triple-******* trial were delivered a firm warning on Wednesday afternoon after a question and answer exchange between the prosecution and a digital forensics officer.
Ms Patterson has pleaded not guilty to three counts of ******* and one count of attempted ******* stemming from an deadly beef Wellington lunch she hosted on July 29, 2023, with members of her husband’s family.
On Wednesday, Victoria Police senor digital forensic officer Shamen Fox-Henry was the sole witness called to give evidence and is expected to return to the stand when the trial resumes at 11.30am on Thursday.
Camera IconSenior digital forensics officer Shamen Fox-Henry will return to court on Thursday. NewsWire/Ian Currie Credit: News Corp Australia
Mr Fox-Henry told the court he was tasked with generating a report about the contents of a Cooler Master computer seized from Ms Patterson’s home following the lunch.
He took the jury through a series of records that captured online activity on the device in the evening of March 28, 2022.
One of the records captured a visit to a specific page on the citizen science website iNaturalist at 7.23pm.
“Deathcap from Melbourne, Vic, Australia on May 18 2022 … Bricker Reserve, Moorabbin – iNaturalist,” the headline for the page read.
Mr Fox-Henry was quizzed by prosecutor Jane Warren about the specific URL listed and, if it remained available online, if one copied the URL into a browser the web page would load.
He confirmed that it would.
Camera IconErin Patterson has pleaded not guilty, with her defence arguing the deaths were a tragic accident. Brooke Grebert-Craig. Credit: Supplied
The exchange prompted a warning from Justice Christoper Beale that the jury should not test this out themselves.
“Don’t be tempted to put these URL searches into Google and conduct your own investigations overnight,” he said.
The warning echos Justice Beale’s direction to jurors at the start of the trial that the must decide the case only on the evidence adduced in court.
“When you retire to consider your verdict, you will have heard or received in court all the information that you need to make your decision,” he said.
“You must not conduct your own research into the case or discuss the case with others who are not on the jury.”
Camera IconErin Patterson and her estranged husband Simon Patterson. NewsWire Credit: NewsWire
Ms Patterson is facing trial accused of murdering her husband Simon Patterson’s parents, Don and Gail Patterson, and his aunt Heather Wilkinson.
Ms Wilkinson’s husband, Korumburra ******** Church pastor Ian Wilkinson, fell gravely ill but recovered.
Prosecutors allege Ms Patterson deliberately spiked the lunch with “murderous intent”, while her defence argues the case is a “tragic accident”.
The trial continues.
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Onimusha 2: Samurai's Destiny Review – Old-School ******-Slaying | TNS
Onimusha 2: Samurai's Destiny Review – Old-School ******-Slaying | TNS
TNS: Onimusha 2: Samurai’s Destiny 2 is an excellent remaster with many QoL features and new additions, but it still carries that old-school jank.
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#Onimusha #Samurai039s #Destiny #Review #OldSchool #DemonSlaying #TNS
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“Would Be Nice If He Spoke To Putin That Way” — The Internet Is Rolling Its Eyes After Donald Trump Insulted This Reporter
“Would Be Nice If He Spoke To Putin That Way” — The Internet Is Rolling Its Eyes After Donald Trump Insulted This Reporter
Editor’s Note: While we can’t endorse what X has become, we can bring you the newsworthy moments that still exist there, curated and free of the surrounding chaos.
Donald Trump’s second term is known for a lot of things, one of them being random outbursts in front of news cameras.
SAUL LOEB / AFP via Getty Images
After visiting the Capitol on Tuesday to gain support for his “big, beautiful bill,” Trump went viral for insulting a reporter who asked him a pretty standard question. The video has 11 million views on X.
Newsmax / Via Twitter: @atrupar
“[Representative] Andy Harris said that you didn’t adequately convince enough people to vote for the bill,” the reporter said. Trump asked him, “You mean after this speech?”
“Well, why don’t we see how the vote is. I think it was a great, great talk. It wasn’t a speech, we talked — and uh, who do you work for?” Trump asked the reporter.
“NOTUS,” they responded. “Who?” Trump asked. “NOTUS,” they asserted.
“I don’t even know what the hell that is,” Trump said. You can hear laughter in the background. “Get yourself a real job,” he said, before other reporters started shouting questions.
In response to the video, people expressed their frustration with Trump’s response in the comments. “he gets so insecure when someone asks him a real question,” this person pointed out.
X: @MattThomas2021 / Via x.com
BuzzFeed
“A reporter finally spoke the truth to Trump! ALL REPORTERS SHOULD DO THE SAME!” this person pleaded.
X: @teachermom19681 / Via x.com
“Would be nice if he spoke to putin that way,” this person suggested.
X: @ManiamAkash / Via x.com
“He called it a speech and then said it wasn’t a speech. Sure, he’s fine,” this person said.
X: @MichelleCalkas / Via x.com
“Presidency has never been this low. Fact,” this person said.
X: @pureshimon / Via x.com
And others took it upon themselves to explain what NOTUS is. “NOTUS is a new journalism organization that covers Washington with a nonpartisan and honest perspective,” this person shared.
What do you think about the situation? Let us know in the comments.
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JDM: Japanese Drift Master Review: Not Quite Complete – Traxion
JDM: Japanese Drift Master Review: Not Quite Complete – Traxion
WTMG’s Leo Faria: “I would have legitimately given JDM: Japanese Drift Master an even higher score if it wasn’t for the somewhat lacklustre amount of content it offers as of now. The foundation for a truly spectacular love letter to Need for Speed Underground 2 can be clearly seen when you’re cruising around Japan with your ******* out ride. It’s an amazing game technically-speaking, it just needs more meat, some extra cars and modes. It actually feels original, and you can obviously notice the amount of love and effort put into every single corner of its map. Just add more sushi to this platter and it will become one hell of a feast.”
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FAA extends Newark flight limits over construction, safety concerns – The Washington Post
FAA extends Newark flight limits over construction, safety concerns – The Washington Post
FAA extends Newark flight limits over construction, safety concerns The Washington PostView Full Coverage on Google News
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*** to sign Chagos deal with Mauritius
*** to sign Chagos deal with Mauritius
Sir Keir Starmer is due to sign a deal handing the Chagos Islands to Mauritius on Thursday.
Under the terms of the deal Mauritius would gain sovereignty of the islands from the ***, but allow the US and *** to continue operating a strategically important military base on one of the islands for an initial ******* of 99 years in exchange for a multi-billion pound payment.
As first reported in The Telegraph newspaper, the prime minister will attend a virtual signing ceremony with representatives from the Mauritian government on Thursday.
The deal previously appeared to have stalled after a change in government in both Mauritius and the US – where aides to Donald Trump were given time to examine the plan.
The plan to hand over control of the Chagos Islands, officially known as the British Indian Ocean Territory (BIOT), was announced last October following negotiations with then-Mauritian leader Pravind Jugnauth.
However, following elections, he was replaced by current PM Navin Ramgoolam, who expressed concerns about the deal.
Progress on the deal was also delayed after the election of Trump because negotiators wanted to give the new US administration time to examine the details of the plan.
US Secretary of State Marco Rubio was one of a chorus of high-profile Republicans who said the deal posed a “serious threat” to US national security, due to Mauritius’ relationship with China.
However, last month Trump indicated he would back the deal.
Under the terms of the deal, Britain is expected to give up sovereignty of the island territory to Mauritius, and lease back a crucial military base on the archipelago for 99 years.
The government is yet to spell out the estimated cost of payments the British taxpayer will make under the deal, but it is expected to run into the billions.
The Chagos Archipelago was separated from Mauritius in 1965, when Mauritius was still a British colony.
Britain purchased the islands for £3m, but Mauritius has argued that it was illegally forced to give away the Chagos Islands as part of a deal to get independence from Britain in 1968.
The *** has come under increasing international pressure to hand over control of the archipelago after various United Nations bodies sided with Mauritian sovereignty claims in recent years.
The last Conservative government opened negotiations over the legal status in late 2022, but has since criticised the Labour government for being willing to hand over the islands.
Reform *** has been strongly critical too.
Labour has argued that the best way to guarantee the future of the military base was to do a deal with Mauritius – and that that was in the interests of *** national security too, given the importance of the base.
Following the signing ceremony, MPs will be updated on the terms of the deal in the House of Commons, which could include scope for a 40-year extension to the lease of the military base, the Telegraph said.
Speaking in the House of Commons just this week, Defence Secretary John Healey insisted the base on Diego Garcia was “essential to our security”, and the ***’s security relationship with the US.
“We’ve had to act, as the previous government started to do, to deal with that jeopardy, we’re completing those arrangements and we’ll report to the House when we can,” he added.
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Housemarque Reveals It Has No Plans For Live Service Or Free-To-Play Title
Housemarque Reveals It Has No Plans For Live Service Or Free-To-Play Title
Ilari Kuittinen and Gregory Louden of Returnal developer Housemarque have revealed during an interview with Eurogamer at the studios 30th anniversary event last week that it has no plans to develop live-service or free-to-play games, as long as people are buying premium games.
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How Liverpool and the Cowboys inspired Eels' NRL oasis
How Liverpool and the Cowboys inspired Eels' NRL oasis
Parramatta have opened the largest centre of excellence rugby league has ever seen, built on 11 hectares of land and costing $70 million.
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#Liverpool #Cowboys #inspired #Eels039 #NRL #oasis
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Anno 117: Pax Romana preview: Build your empire | Loot Level Chill
Anno 117: Pax Romana preview: Build your empire | Loot Level Chill
LLC: “After our three hours with Anno 117: Pax Romana, it’s clear this is one of the finest in the series, with plenty of systems that all reward your attention.”
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#Anno #Pax #Romana #preview #Build #empire #Loot #Level #Chill
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Live updates: Trump says failure to pass tax and immigration bill would be ‘ultimate betrayal' – The Washington Post
Live updates: Trump says failure to pass tax and immigration bill would be ‘ultimate betrayal' – The Washington Post
Live updates: Trump says failure to pass tax and immigration bill would be ‘ultimate betrayal’ The Washington PostTrump meets with GOP holdouts as they threaten to stall sweeping agenda bill CNN’A very good place’: House speaker confident on Trump tax bill but vote still uncertain USA TodayBudget office: Republicans’ megabill would give to the rich and take from the poor MSNBC NewsGOP Tax Bill Impasse Unresolved After Trump Meets With Holdouts Yahoo Finance
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#Live #updates #Trump #failure #pass #tax #immigration #bill #ultimate #betrayal039 #Washington #Post
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Review – Capcom Fighting Collection 2 (Xbox One) | WayTooManyGames
Review – Capcom Fighting Collection 2 (Xbox One) | WayTooManyGames
WTMG’s Leo Faria: “Ignoring one or two slightly dated titles, plus a truly terrible one, Capcom Fighting Collection 2 goes to show that no one is doing arcade gaming preservation as well as Capcom right now. Just the inclusion of Capcom vs. SNK 2 by itself, in such a pristine, rollback-supported stated, is enough of a reason for you to purchase it, but add in games like two Power Stones and the best version of the best Street Fighter, and what you have here is more than a lot of bang for your buck. What we have here is an infinitely enjoyable collection of fighting works of art.”
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'Phee we love you': search for missing girl continues
'Phee we love you': search for missing girl continues
An investigation into the “suspicious” disappearance of a 17-year-old girl is continuing as her mum pleads for answers.
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#039Phee #love #you039 #search #missing #girl #continues
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Gear.Club Unlimited 3 coming to PC and consoles in late 2025
Gear.Club Unlimited 3 coming to PC and consoles in late 2025
The arcade racing series is heading to Japan and the French Riviera.
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#Gear.Club #Unlimited #coming #consoles #late
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Dating Expert Names the 1 Word Women Use When They’re Not Interested
Dating Expert Names the 1 Word Women Use When They’re Not Interested
There’s one word that men need to be on the lookout for when it comes to a woman indicating she’s uninterested, says dating coach Blaine Anderson.
Anderson and her team at Dating By Blaine are in the process of “getting men unstuck with women.” According to Anderson, dating “is a skill” and guys can improve on it with the right time and guidance.
In addition to her paid coaching and matchmaking services, Anderson offers free tips to guys on her Instagram account. She regularly produces videos highlighting dating advice, with her latest clip telling men to look out for a woman who says she has been “busy.”
According to Anderson, using being busy as an excuse is a sure sign she’s not into you.
“The truth is, we make time for the things that are important to us, and she’s saying you’re not important enough for her,” Anderson said. “Don’t waste any more time. Move on, and find a girl who makes you a priority.”
This bit of advice has sparked plenty of conversation on Anderson’s post.
“The reality is the universal equation is Effort = Interest . I learned this the hard way . It’s the brutal truth someone who is interested is never to busy to hang out,” one man said in the comments.
“Your tips have helped immensely ,” another added.
“I always meet the busy ones unfortunately,” a third said.
“Yup, I got that a lot,” added a fourth.
“Yeah men say that too,” a woman contended.
You can follow Anderson on IG here. The University of Arizona alum has over 712,000 people keeping tabs on her.
In addition to today’s tip, Anderson has recently published videos on flirty texts for guys to send, ways to ask for a woman’s phone number and what haircuts to avoid.
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Dow Jones Today: Stocks Plunge, Treasury Yields Surge as Investors Monitor Tax Bill; Dow Drops 800 Points, Bitcoin Wavers After Hitting Record High – Investopedia
Dow Jones Today: Stocks Plunge, Treasury Yields Surge as Investors Monitor Tax Bill; Dow Drops 800 Points, Bitcoin Wavers After Hitting Record High – Investopedia
Dow Jones Today: Stocks Plunge, Treasury Yields Surge as Investors Monitor Tax Bill; Dow Drops 800 Points, Bitcoin Wavers After Hitting Record High InvestopediaDow sinks 800 points as bond market starts to freak out over Trump’s tax bill CNNSellers Knock Stock Market Lower As Bond Yields Spike; Broadcom, Nvidia Fade After Early Pops Investor’s Business DailyStocks to Watch: Dow Closes 800 Points Lower; Treasury Yields Rise in Global Bond Selloff — Live Updates WSJS&P 500 Gains and Losses Today: Index Slips as Congress Mulls Tax Bill, Treasury Yields Surge Investopedia
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#Dow #Jones #Today #Stocks #Plunge #Treasury #Yields #Surge #Investors #Monitor #Tax #Bill #Dow #Drops #Points #Bitcoin #Wavers #Hitting #Record #High #Investopedia
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Geri Halliwell declares end of ‘girl power’, calls for gender-inclusion as Spice Girls eye reunion
Geri Halliwell declares end of ‘girl power’, calls for gender-inclusion as Spice Girls eye reunion
It’s the slogan that inspired a generation, but Geri Halliwell Horner has announced that ‘Girl Power’ is no longer relevant, proposing the term ‘Inner Power’ in the spirit of gender inclusion.
Speaking to young people at her latest children’s book launch, Geri, 52, said: “Girl Power was a sweet word for feminism. But if you look in the dictionary and see what feminism means, it means the ‘equalisation between the sexes’.
Therefore, to me it’s irrelevant what your gender is, I want everyone to feel their power, so let’s evolve that word from Girl Power to Inner Power.”
The former Spice Girl, who coined the phrase that became as iconic as her Union Jack dress, reflected on the group’s 30-year legacy and her original aim to “give feminism a kick up the *****.”
Mel C, 51, described Girl Power as “being able to do things just as well as – or even better than – the boys, and be what we want to be. It’s about spreading a positive vibe and kicking it for the girls. It’s not about picking up guys, we don’t need men to control our lives, we control our lives anyway.”
While millions of fans may be disappointed, Geri insists the message should be about celebrating everyone: “It’s meant to be inclusive and celebratory of who you are and what I feel like is important as well is that none of us are perfect, we’re all idiots at different times, we are.”
Geri, Emma Bunton, Mel B, and Mel C are reportedly planning a 30th anniversary reunion tour, though Victoria Beckham is not expected to join.
Meanwhile, Geri’s personal life has also made headlines, from her husband Christian Horner’s public controversies to the recent news that he has formally adopted her daughter Bluebell, 18.
Despite the challenges, Geri and Christian remain together, and Geri continues to support her family and career, recently appearing with Christian at the Miami F1 Grand Prix and celebrating her daughter’s academic achievements.
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Hinge Health prices IPO at $32, the top end of expected range
Hinge Health prices IPO at $32, the top end of expected range
Hinge Health’s TrueMotion feature.
Courtesy: Hinge Health
Hinge Health priced its IPO at $32 per share on Wednesday, at the top end of the expected range.
The digital physical therapy startup sold 8.52 million shares in the offering, raising about $273 million. The total offering was for 13.7 million shares, with the balance being sold by existing shareholders.
Hinge, founded in 2014, will trade on the New York Stock Exchange under the ticker symbol “HNGE.” The company filed its initial prospectus in March and updated the document earlier this month with an expected pricing range of $28 to $32.
At the IPO price, Hinge Health is worth about $2.6 billion, though that number could be higher on a fully diluted basis. That’s down significantly from a private market valuation of $6.2 billion in October 2021, the last time the company raised outside funding.
The company uses software to help patients treat acute musculoskeletal injuries, chronic pain and carry out post-surgery rehabilitation remotely. It was co-founded by CEO Daniel Perez and Executive Chairman Gabriel Mecklenburg, who have both experienced personal struggles with physical rehabilitation.
Revenue in the first quarter increased 50% to $123.8 million from $82.7 million a year ago. Hinge reported net income for the ******* of $17.1 million, swinging from a net loss of $26.5 million in the same ******* last year.
Hinge’s IPO will be closely watched by the digital health sector, which has been mostly devoid of public offerings since 2021. Digital health has been a particularly tough market over the last few years as companies have struggled to recover from a post-Covid slowdown.
Tech IPOs broadly have been few and far between of late. But there are signs that activity is picking up. Shares of stock brokerage platform eToro popped in their market debut last Wednesday, and artificial intelligence infrastructure provider CoreWeave reported 420% revenue growth, topping estimates and sparking a 56% rally in the stock last week.
Hinge has raised more than $1 billion from investors including Tiger Global Management and Coatue Management.
“We have many decades of work ahead,” Perez wrote in a letter to investors in March. “We hope you join us on this journey.”
WATCH: IPO market will pause for summer and pickup second half of Q3, says Axios’ Dan Primack
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